MARKET OUTLOOK - 20th NOV. 2007

Market may open weak today. However expecting recovery in later part of day, may try to close positive today. Sensex has immediate resistance at 19875 and support at 19500.Sensex may touch 20200 if close/sustain above 19875.Sensex may touch 19150 if close/sustain below 19500.


NIFTY(5907.65)- Resistance-5962,6016 Support-5873,5839

INTRADAY RECOMMENDATIONS:

Buy TTML @ 50 Sl 46 Tgt 56

Buy IFCI @ 98 Sl 93 Tgt 105-110

Buy IVRCL Infra @ declines for a target of 560

Buy DLF @ declines for a target of 1000

F&O Recommendation: (POSITIONAL)

BUY NOV FUT-IFCI ABOVE 101 TARGET 105,108 SL 97

STOCKS TO WATCH:

ENERGY DEVELOPMENT

TULIP

ATLANTA

KESORAM IND.

VARUN SHIPPING

DABUR

DENA BANK

CORE PROJECTS

INDIAN BANK

JINDAL PHOTO

All the best … Happy Trading….